Hyundai Mobis (KRX 012330) a global automotive supplier, unveiled the “MOBION” electric vehicle (EV), equipped with the next-generation ‘e-Corner System’ motion technology, for the first time at CES 2024. During the exhibition, visitors and customers have the first-hand opportunity to experience MOB
Ahead of its Galaxy Unpacked event in the United States, Samsung Electronics has embarked on a campaign to promote ‘Galaxy AI’ at major landmarks around the world.On Jan. 7, Samsung Electronics announced the launch of digital outdoor advertisements for its Galaxy Unpacked 2024 event across 13 countr
Three mid-sized Korean-based automakers -- GM Korea, KG Mobility, and Renault Korea Motors -- exported eight out of every 10 units they sold last year, according to industry sources. These three companies, which exited the tunnel of losses by expanding exports, plan to solidify their rebound momentu
FILA Holdings announced a new leadership structure on Jan. 8, naming FILA USA President Todd Klein to take on the newly created role of Global Brand President. Klein will report to FILA Holdings and join the board of FILA Luxembourg, a wholly owned subsidiary of FILA Holdings that oversees FILA’s gl
In India, where global corporations and investors are focusing their attention as the “next China,” Mirae Asset Global Investments is gaining influence in the local market by surpassing 1 trillion won in assets under management (AUM) with its exchange-traded funds (ETFs).According to the asset manag
Following the United States, South Korea has also issued a voluntary corrective action (recall) for all Tesla vehicles equipped with the Autopilot autonomous driving assistance feature.The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 4 that they are recalling a tot
Goldman Sachs Asset Management today announced the final close of West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy. Life Sciences I closed above its fundraising target, with $650 million in equity commitments from a global, diverse group of inst
The State of West Virginia and LG Electronics announced a strategic initiative to grow new business ventures in West Virginia to advance the development of new technologies for renewable energy, healthcare and industries of the future.The businesses, developed by LG NOVA, LG Electronics’ North Ameri
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
Hyundai Motor announced on Jan. 1 that its IONIQ 5 has been selected as “Car of the Year 2023” in Singapore. The prestigious award, hosted by Singapore's largest daily newspaper, The Straits Times, has been a significant automotive accolade in the region since its inception in 2003. Every year, newl
TakeOne Company (CEO Jung Minchae), a comprehensive content developer, announced that the cinematic adventure mobile game ‘NCT ZONE’ with the group NCT will be officially launched at noon on the 28th through the Apple App Store and Google Play Store.This is a game where you can enjoy new concept puz
South Korea’s exports will fall by 10% if the world’s major economies split into two groups and strengthen trade barriers against each other, according to a report. However, if Korea promotes export diversification, it will be able to significantly reduce adverse effects.According to the Bank of Kor
In South Korea, the prolonged phenomenon of an “ultra-low birth rate” is threatening the sustainability of its population and the very foundation of national existence.A recent column in The New York Times, titled “Is South Korea Disappearing?,” has raised alarms about the speed of population declin
The South Korean automotive industry has experienced a year of contrasts in 2023. In the first 11 months, the sector achieved its highest ever performance, but the fortunes of individual companies have varied significantly. Hyundai, Kia, and GM Korea continued to grow, leveraging their leading model
HD Hyundai announced that it will build HD Hyundai’s artificial intelligence (AI) platform based on Google Cloud’s technologies and solutions.Through this collaboration with Google, HD Hyundai plans to accelerate its digital transformation by introducing generative AI technology to its core business
Italy will be scratched off the list of the world’s top 10 economies by 2038 with South Korea replacing it, according to the Center for Economics and Business Research (CEBR), a British think tank.According to a report by Bloomberg on Dec. 26, the CEBR continued its forecast that South Korea will be
The Korea International Trade Association (KITA) on Dec. 25 released a report on how to secure raw materials to foster Korea’s electric vehicle battery recycling industry. The report was written based on forecasts from SNE Research, a market research firm specializing in energy.The size of the globa
In the latter half of this year from July to November, the top-ranked app in domestic shopping categories for downloads, according to data from IGAworks, is the Chinese app Temu. Temu’s monthly active users (MAU) have surged sevenfold in just three months. The market share of AliExpress, the oversea
The Financial Supervisory Service (FSS) is reportedly seeking a combined fine of 20 billion won (US$15.36 million) for BNP Paribas and HSBC, both of which have engaged in naked short selling. The FSS aims to impose an individual fine of 10 billion won on each of the financial institutions.Bloomberg
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Weak top line results in first profit drop in 10 monthsOrion reported weak sales growth in November (Korea +10.9%, China -13.5%, Vietnam -5.3%, Russia -26% YoY) with effects of the Lunar New Year